Stephens Place

Analysis

Stephens Place is a registered charity in United States, based in Vancouver, WA. It received its IRS tax-exemption ruling in January 2018, 8 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Stephens Place reported income of $2.9m and spending of $2.5m, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $2.9m (+50%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 17%. Over the whole period it spent 100% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Stephens Place sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within WA. Charities of a similar size with the same main cause include Gracewood Inc ($2.9m), Multi-Therapeutic Services Inc ($2.9m) and L Arche Jacksonville Inc ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 58% of the total. Compensation of current officers, directors and key employees was $211k (8.5% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $11.1m against liabilities of $331k, net assets of $10.8m. It reported 48 employees.